ESPACE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ESPACE
Largest movements
- Cash -€52,693
down €52,693 (-99.3%), from €53,070 to €377
mainly Investment in fixed assets (net) (-€46,561) and Trade debts (-€32,392)
- Trade debts -€32,392
down €32,392 (-55.4%), from €58,423 to €26,031
- Profit (loss) carried forward -€18,108
down €18,108 (-19.6%), from -€92,521 to -€110,629
- Depreciation +€8,966
up €8,966 (+26.6%), from €33,734 to €42,699
- Gross operating margin -€4,302
down €4,302 (-5.2%), from €83,525 to €79,223
- Other operating charges +€3,555
up €3,555 (+46.4%), from €7,665 to €11,219
- Financial charges -€1,293
down €1,293 (-2.3%), from €55,180 to €53,887
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,668,658 | €1,619,767 | -€48,891 | -2.9% |
| Fixed assets | 21/28 | €1,603,267 | €1,607,129 | +€3,862 | +0.2% |
| Tangible fixed assets | 22/27 | €1,603,267 | €1,607,129 | +€3,862 | +0.2% |
| Land and buildings | 22 | €1,603,267 | €1,607,129 | +€3,862 | +0.2% |
| Current assets | 29/58 | €65,390 | €12,638 | -€52,753 | -80.7% |
| Amounts receivable within one year | 40/41 | €10,182 | €8,420 | -€1,762 | -17.3% |
| Trade receivables | 40 | €10,182 | €8,420 | -€1,762 | -17.3% |
| Cash at bank and in hand | 54/58 | €53,070 | €377 | -€52,693 | -99.3% |
| Deferred charges and accrued income | 490/1 | €2,138 | €3,840 | +€1,702 | +79.6% |
| Total equity and liabilities | 10/49 | €1,668,658 | €1,619,767 | -€48,891 | -2.9% |
| Equity | 10/15 | €175,252 | €149,523 | -€25,729 | -14.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €205,773 | €198,152 | -€7,621 | -3.7% |
| Tax-exempt reserves | 132 | €205,773 | €198,152 | -€7,621 | -3.7% |
| Profit (loss) carried forward | 14 | -€92,521 | -€110,629 | -€18,108 | -19.6% |
| Provisions and deferred taxes | 16 | €68,591 | €66,051 | -€2,540 | -3.7% |
| Deferred taxes | 168 | €68,591 | €66,051 | -€2,540 | -3.7% |
| Amounts payable | 17/49 | €1,424,814 | €1,404,192 | -€20,621 | -1.4% |
| Amounts payable after more than one year | 17 | €1,303,645 | €1,311,471 | +€7,826 | +0.6% |
| Financial debts | 170/4 | €1,296,645 | €1,300,121 | +€3,476 | +0.3% |
| Other amounts payable | 178/9 | €7,000 | €11,350 | +€4,350 | +62.1% |
| Amounts payable within one year | 42/48 | €120,382 | €92,722 | -€27,660 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €51,847 | €63,981 | +€12,134 | +23.4% |
| Trade debts | 44 | €58,423 | €26,031 | -€32,392 | -55.4% |
| Suppliers | 440/4 | €58,423 | €26,031 | -€32,392 | -55.4% |
| Taxes, remuneration and social security | 45 | €10,112 | €2,710 | -€7,403 | -73.2% |
| Taxes | 450/3 | €10,112 | €2,710 | -€7,403 | -73.2% |
| Accrued charges and deferred income | 492/3 | €787 | - | -€787 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,734 | €42,699 | +€8,966 | +26.6% |
| Other operating charges | 640/8 | €7,665 | €11,219 | +€3,555 | +46.4% |
| Gross operating margin | 9900 | €83,525 | €79,223 | -€4,302 | -5.2% |
| Operating profit (loss) | 9901 | €42,127 | €25,304 | -€16,822 | -39.9% |
| Financial income | 75/76B | €115 | €313 | +€199 | +173.2% |
| Recurring financial income | 75 | €115 | €313 | +€199 | +173.2% |
| Financial charges | 65/66B | €55,180 | €53,887 | -€1,293 | -2.3% |
| Recurring financial charges | 65 | €55,180 | €53,887 | -€1,293 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,939 | -€28,269 | -€15,331 | -118.5% |
| Transfer from deferred taxes | 780 | €2,540 | €2,540 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€10,398 | -€25,729 | -€15,331 | -147.4% |
| Transfer from tax-exempt reserves | 789 | €7,621 | €7,621 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,777 | -€18,108 | -€15,331 | -552.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.